ReAlpha Tech (NASDAQ:AIRE) stock continues to rally on Thursday following the launch of its first artificial intelligence (AI) real estate Smart Buyer’s Agent.Claire is the name of this new service and it comes with zero commission. The AI service from the company guides buyers through the home buying process without the need for a real estate agent.Claire is currently limited in its scope with it only being available to buyers in Palm Beach, Miami-Dade and Broward Counties in Florida. The company hopes to ...

[Overview and Business Highlights](index=1&type=section&id=Overview%20and%20Business%20Highlights) [Management Commentary and Strategic Focus](index=1&type=section&id=Management%20Commentary%20and%20Strategic%20Focus) reAlpha launched its AI-powered platform GENA in Q1 2024, focusing on commercializing AI technologies and pursuing proptech growth - The company announced the commercial launch of its AI-powered platform, GENA, during the first quarter of 2024[2](index=2&type=chunk) - reAlpha's strategy is focused on commercializing its AI technologies and pursuing growth in the proptech space, which it views as ripe for innovation[2](index=2&type=chunk) [Financial Performance](index=1&type=section&id=Financial%20Performance) [Q1 2024 Financial Results Summary](index=1&type=section&id=Financial%20Results) Q1 2024 revenue dropped to **$20,426** due to property disposals, widening net loss to **$1.42 million** from higher expenses Key Financial Metrics (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Revenues | $20,426 | $111,451 | | Net Loss | $(1,419,045) | $(864,913) | | Adjusted EBITDA | $(1,336,790) | $(775,098) | - The decrease in revenue was attributed to lower rental income following the disposal of rental properties and lower platform services revenue from the sale of myAlphie, reflecting a strategic shift to focus on AI technology commercialization[3](index=3&type=chunk) - The increase in net loss was mainly due to higher wages, professional and legal fees, and amortization of a commitment fee[4](index=4&type=chunk) Cash Position | Date | Cash and Cash Equivalents | | :--- | :--- | | March 31, 2024 | $4.84 million | | December 31, 2023 | $6.46 million | [Financial Statements](index=3&type=section&id=Financial%20Statements) Q1 2024 consolidated financial statements show reduced assets, liabilities, revenue, and a wider net loss, reflecting business transition [Condensed Consolidated Balance Sheet](index=3&type=section&id=REALPHA%20TECH%20CORP.%20Condensed%20Consolidated%20Balance%20Sheet) As of March 31, 2024, total assets decreased to **$25.37 million** and liabilities to **$2.08 million**, primarily due to lower cash Balance Sheet Summary (as of March 31, 2024 vs. December 31, 2023) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$25,372,103** | **$27,424,869** | | Cash | $4,838,146 | $6,456,370 | | Goodwill | $17,337,739 | $17,337,739 | | **Total Liabilities** | **$2,082,363** | **$2,716,084** | | **Total Stockholders' Equity** | **$23,289,740** | **$24,708,785** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=REALPHA%20TECH%20CORP.%20Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2024 revenues sharply fell to **$20,426**, operating expenses rose to **$1.31 million**, resulting in a **$1.42 million** net loss Statement of Operations Summary (For the Three Months Ended March 31) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Revenues | $20,426 | $111,451 | | Gross Profit | $2,177 | $40,676 | | Total Operating Expenses | $1,309,675 | $834,568 | | Operating Loss | $(1,307,498) | $(793,892) | | Net Loss | $(1,419,045) | $(864,913) | | Net Loss Per Share (basic & diluted) | $(0.03) | $(0.02) | - The increase in operating expenses was mainly driven by a rise in "Wages, benefits and payroll taxes" to **$418,902** from **$204,196** and "Professional & legal fees" to **$468,725** from **$325,161**[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=REALPHA%20TECH%20CORP.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2024 net cash used in operations was **$1.53 million**, decreasing total cash by **$1.62 million** to **$4.84 million** Cash Flow Summary (For the Three Months Ended March 31) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,527,238) | $(1,585,918) | | Net cash used in investing activities | $(19,700) | $(138,973) | | Net cash (used in) provided by financing activities | $(71,286) | $282,577 | | **Net decrease in cash** | **$(1,618,224)** | **$(1,442,314)** | | **Cash - End of Period** | **$4,838,146** | **$1,547,468** | [Non-GAAP Financial Measures](index=1&type=section&id=Non-GAAP%20Financial%20Measures) [Adjusted EBITDA Reconciliation](index=1&type=section&id=Adjusted%20EBITDA%20Reconciliation) Adjusted EBITDA, a non-GAAP measure, showed a Q1 2024 loss of **$1,336,790**, an increase from **$775,098** in Q1 2023 - The company uses Adjusted EBITDA to evaluate ongoing operations and for internal planning, believing it provides consistency and comparability with past financial performance[6](index=6&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA | Line Item | For the three Months Ended March 31, 2024 | For the three Months Ended March 31, 2023 | | :--- | :--- | :--- | | Net loss | $(1,419,045) | $(864,913) | | Depreciation and amortization | $71,453 | $48,003 | | Interest expense | $10,802 | $41,812 | | **Adjusted EBITDA** | **$(1,336,790)** | **$(775,098)** |

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-41839 REALPHA TECH CORP. (Exact name of registrant as specified in its charter) (State or other j ...

ReAlpha Tech (NASDAQ:AIRE) stock is falling on Wednesday after the real estate technology company released its latest earnings report.First off, investors will note that this report covers a period starting on May 1, 2023 and lasting through Dec. 31, 2023. This is due to the company undergoing a transition to move the end of its fiscal year to Dec. 31 instead of April 30.Results for the period were mixed with ReAlpha Tech bringing in a net loss of $1,251,259 on revenue of $121,690. The same period of the ye ...

DUBLIN, Ohio--(BUSINESS WIRE)--reAlpha Tech Corp. (“reAlpha,” “Company,” “us,” “we” or “our”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) technologies, today provides a business update and reports financial results for the eight month period ended December 31, 2023. In accordance with a change of its fiscal year end from April 30 to December 31, effective as of December 31, 2023, the Company is repor ...

DUBLIN, Ohio--(BUSINESS WIRE)--reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, today announced the following leadership changes: Mike Logozzo has been appointed as the Company’s President and Chief Operating Officer; Jorge Aldecoa has been appointed to the new role of Chief Product Officer; and Michael Frenz h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-41839 REALPHA TECH CORP. (Exact name of registrant as specified in its charter) (State or other ...